Be Informed. Be In Profit.


=MALAYSIA PRESS: News Headlines On Wednesday, September 26

KUALA LUMPUR (Sep 26) -- Here’s a roundup of local news:

*Wife Of Former Malaysian PM Najib To Be Questioned By Antigraft Agency

Rosmah Mansor, the wife of former Malaysian prime minister Najib Razak, was summoned on Tuesday for questioning by the antigraft agency in its multibillion dollar corruption probe at state fund 1MDB. It was the second time Rosmah, 66, has been called in by the Malaysian Anti-Corruption Commission since the shock defeat of Najib in the May general election. Rosmah was first questioned in June in connection with the investigation, which is looking into allegations of corruption and misappropriation in state fund 1Malaysia Development. Her husband has pleaded not guilty to charges of money laundering, abuse of power and criminal breach of trust. - Reuters

*Malaysia's Former Prime Minister Najib Razak Is 'Living In A World Of Hallucination', Says Veteran Politician

Former Malaysian prime minister Najib Razak is living in "a world of hallucination" where he is innocent, according to a senior Malaysian Government politician. Najib, 65, was arrested and charged for a second time last week, bringing the counts against him in relation to his involvement in the 1Malaysia Development scandal to a total of 32. Lim Kit Siang, a senior member of the Democratic Action Party that is one of the four groups in Prime Minister Mahathir Mohamad's ruling coalition, told the ABC Najib was refusing to live in reality. "I think since the last election Najib seems to have been living in a world of hallucination, of delusion and completely cut off from the reality of the world," Kit Siang said. - Australian Broadcasting Corporation

*Menta Construction Preparing For IPO In 2019

Menta Construction aims to launch an initial public offering next year to raise about RM1 billion for expansion. Chief executive officer, Tan Choon Hock said Menta would use part of the IPO fund to invest in construction companies. "We are looking for good investments and will invest in companies that are profitable and have businesses in construction. "We will also utilize part of the proceeds from the IPO to acquire more land and undertake property projects. The focus right now is in Malaysia. In the future, if there are opportunities to venture overseas we will look into it," Tan said. - New Straits Times

- By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com ; +60320267363
- Edited by Glen Nicol Perkinson
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte. Ltd.